Graybug Vision (NASDAQ:GRAY) Shares Down 0.4% – Here’s What Happened

Graybug Vision, Inc. (NASDAQ:GRAYGet Free Report) traded down 0.4% during mid-day trading on Monday . The stock traded as low as $2.76 and last traded at $2.76. 68,617 shares were traded during trading, an increase of 3,069% from the average session volume of 2,165 shares. The stock had previously closed at $2.77.

Graybug Vision Price Performance

The stock’s 50-day moving average is $3.41 and its 200 day moving average is $4.09. The stock has a market cap of $4.49 million, a price-to-earnings ratio of -1.65 and a beta of 1.20.

About Graybug Vision

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Graybug Vision, Inc, a clinical-stage biopharmaceutical company, focuses on the development of medicines for the treatment of diseases of the retina and optic nerve. The company's lead product candidate is GB-102, an intravitreal injection of a microparticle depot formulation of sunitinib that is in Phase I/IIa and IIb clinical trials for the treatment of wet age-related macular degeneration, as well as in Phase IIa clinical trial to treat diabetic macular edema.

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